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 & (1) & (2) & (3) & (4) & (5) & (6) & (7) \\
 & Excl. SSA & Excl. excolonies & Excl. MENA & Excl. Asia & Oceania & Cold War Interaction & Excl. 1948-91 & Excl. 1960-91 \\
VARIABLES & Electoral democracy index & Electoral democracy index & Electoral democracy index & Electoral democracy index & Electoral democracy index & Electoral democracy index & Electoral democracy index \\ \hline
 &  &  &  &  &  &  &  \\
Arms technology lag = L, & 0.49*** & 0.46** & 0.46** & 0.49*** & 0.21*** & 0.29 & 0.44** \\
 & (0.18) & (0.21) & (0.23) & (0.18) & (0.06) & (0.30) & (0.21) \\
Lag GDP per capita (log) = L, & -0.21*** & -0.20*** & -0.23*** & -0.13*** & -0.19*** & -0.17** & -0.19*** \\
 & (0.05) & (0.06) & (0.06) & (0.05) & (0.05) & (0.07) & (0.06) \\
Dummy for cold war years (1947-1991) = o, &  &  &  &  & - &  &  \\
 &  &  &  &  &  &  &  \\
cL.lagwe\_mtech\_exf\#c.coldwar &  &  &  &  & -0.04 &  &  \\
 &  &  &  &  & (0.07) &  &  \\
cL.lagwe\_lngdpc\#c.coldwar &  &  &  &  & 0.05 &  &  \\
 &  &  &  &  & (0.04) &  &  \\
 &  &  &  &  &  &  &  \\
Observations & 1,437 & 1,098 & 1,581 & 1,476 & 1,882 & 1,082 & 1,186 \\
Estimator & 2SLS & 2SLS & 2SLS & 2SLS & OLS & 2SLS & 2SLS \\
Kleibergen-Paap F-statistic & 36.89 & 31.78 & 28.26 & 37.13 &  & 24.07 & 35.21 \\
 Countries & 87 & 49 & 106 & 101 & 127 & 127 & 127 \\ \hline
\multicolumn{8}{c}{ Robust standard errors in parentheses} \\
\multicolumn{8}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
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